Grocery-Anchored Shopping
New
For Sale
$21,102,227
300 Knox Abbott Dr, Cayce, SC 29033
Established retail center with a remodeled grocery anchor and a diverse mix of shops, restaurants, fitness, hardware, and healthcare users.
Property Size175,000 SF
Lot Size17.33 Acres
Price / SF$120.58
Days on Market3
Property Features for 300 Knox Abbott Dr
General Information
Standard status
Active
Size
175,000 SF
Lot size
17.33 Acres
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Food Lion, Planet Fitness, Ace Hardware, Five Below, Oak Street Health
Building Details
Tenancy
Multi
Listing Agency:
Columbia
(803) 401-4242
Listed By:
Rox Pollard · License #132632
(803) 401-4242
Source:
Colliers
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Columbia
Investment Insights
Based on property information with market context.
Parkland Plaza is a shopping center comprising approximately 175,000 square feet of retail space across ±17.33 acres. The center originated as a grocery-anchored neighborhood property in the mid-1950s and now includes a recently remodeled Food Lion alongside Planet Fitness, Ace Hardware, Five Below, Oak Street Health, shops, and restaurants.
The property is located at 300 Knox Abbott Dr in Cayce, South Carolina, within the Columbia metropolitan area. Its surrounding context includes the Columbia Central Business District, the University of South Carolina, and the Cayce/West Columbia River District, placing the center near several established community and employment destinations.
The property is located at 300 Knox Abbott Dr in Cayce, South Carolina, within the Columbia metropolitan area. Its surrounding context includes the Columbia Central Business District, the University of South Carolina, and the Cayce/West Columbia River District, placing the center near several established community and employment destinations.
Key Highlights
- Approximately 175,000 square feet of retail space
- ±17.33‑acre shopping center site
- Recently remodeled Food Lion grocery anchor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,762,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$35,243,260
$35.2M
Cap Rate 7%
$25,173,757
$25.2M
Cap Rate 9%
$19,579,589
$19.6M
Market Conditions
NOI Build-Up for 175,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.63M $15.00/SF
− Vacancy
−$107.6K −$0.61/SF
EGI
$2.52M $14.39/SF
− OpEx
−$755.2K −$4.32/SF
NOI
$1.76M $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$35,243,260
Cap Rate 7%
$25,173,757
Cap Rate 9%
$19,579,589
Alternative Uses
Best Use
Specialty Retail
$36.03M
$31.53M – $42.04M
NOI $2,522,410 @ 7.0% cap · market cap 11.95%
Second Best
Retail
$25.17M
$22.03M – $29.37M
NOI $1,762,163 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$47.00M
$41.12M – $54.83M
NOI $3,289,994 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
162k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 29%
Groceries 25%
Home Improvements & Furnishings 1%
Walmart Neighborhood Market
Groceries
41,256 visits/mo
0.1 miles
Krispy Kreme Doughnuts
Dining
28,365 visits/mo
0.3 miles
McDonald's
Dining
21,388 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,166 visits/mo
0.1 miles
Arby's
Dining
10,975 visits/mo
0.2 miles
Demographics for 29033, SC
12,575
Population
6,873
Households
1.8
Avg Household Size
36
Median Age
31%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,258
Density / Sq Mi
$57,524
Median Household Income
$37,629
Median Earnings
$1,342
Median Rent
$156,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Capitol Shopping Center — 469 Sunset Blvd, West Columbia, SC 29169
- Parkland Plaza — 920 Axtell Dr, Cayce, SC 29033
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 300 Knox Abbott Dr, Cayce, SC 29033
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with a remodeled grocery anchor and a diverse mix of shops, restaurants, fitness, hardware, and healthcare users.
Where is this shopping center located?
The property is located at 300 Knox Abbott Dr Cayce, SC.
What is the asking price?
The asking price for this property is $21,102,227.
What are key features of this property?
This property features: Approximately 175,000 square feet of retail space; ±17.33‑acre shopping center site; Recently remodeled Food Lion grocery anchor
